Apple's Stock Recovery Is No Recovery At All

When Apple announced its most recent quarter, Tim Cook, Apple's CEO, said, "iPhone had its best-ever quarter driven by unprecedented demand, with records across every geographic segment, and Services also achieved an all-time revenue record, up 14 percent from a year ago.†Indeed, iPhone revenue for the period was $85.3 billion, up from $61.2 billion in the year-ago quarter. The lack of investment in AI, in the eyes of some, is good news. Indeed, Apple is not sinking hundreds of billions of dollars into data ...